IM8 Secures $1 Billion Loan via General Catalyst’s Customer Value Fund
David Beckham's health drink startup IM8 has secured a $1 billion loan from General Catalyst's CVF, which provides non-traditional financing without diluting ownership. The funding is structured as revenue-based repayment with fixed terms and will be used to finance up to 70% of customer acquisition costs.
Topics: revenue-based financing startup funding venture capital